housing market outlook barrie cma - canada ... market utlook - barrie cma - date released - spring...

H o u s i n g M a r k e t I n f o r m a t i o n

HOUSING MARKET OUTLOOK

Date Released:

C a n a d a M o r t g a g e a n d H o u s i n g C o r p o r a t i o n

Table of Contents

SUBSCRIBE NOW!Access CMHC’s Market Analysis Centre publications quickly and conveniently on the Order Desk at www.cmhc.ca/housingmarketinformation. View, print, download or subscribe to get market information e-mailed to you on the day it is released. CMHC’s electronic suite of national standardized products is available for free.

Housing market intelligence you can count on

Barrie CMA

Spring 2016

Highlights1

�� Starts will range between 1,100 and 1,300 and between 1,000 and 1,400 units respectively in 2016 and 2017.

�� Despite the scarcity of land, single-detached starts will remain relatively strong to the end of 2017.

�� MLS® sales will grow in 2016 and fall between 5,300 and 5,900 and will decline slightly in 2017 to fall between 5,100 and 6,000.

�� A strong sellers’ market will put more upward pressure on the average MLS® price in 2016.

�� The vacancy rate will increase slightly, but the rental market will remain a tight and expensive market. The average rent for a two-bedroom unit will be $1,193 in 2016 and $1,203 in 2017.

1 Highlights

2 New Home Market: Rebound of New Residential Construction

2 Existing Home Market: Strong Growth Followed by Stabilization Through 2017

4 Rental Market: Vacancy Rates Will Rise Slightly

5 Economic Trends: Improvement in Consumer Confidence Ahead

5 Mortgage rates are expected to rise moderately from current levels in 2017

6 Trends at a Glance

6 Forecast Risks

8 Forecast Summary

1 The forecasts and historical data included in this document reflect information available as of April 29, 2016.

Figure 1

Source: CMHC; (F) = CMHC Forecast

Barrie CMA Starts

Source: CMHC; (F) = Forecast

0

1,000

2,000

Barrie CMA Starts

Inner range

http://www.cmhc.ca/housingmarketinformation

Housing Market Outlook - Barrie CMA - Date Released - Spring 2016

Canada Mortgage and Housing Corporation

2

New Home Market: Rebound of New Residential ConstructionAfter the decline in 2015, total housing starts in the Barrie Metropolitan Area (CMA) are expected to rebound in 2016. Builders are expected to start between 1,100 to 1,300 units and 1,000 to 1,400 units in 2016 and 2017 respectively. In the first quarter of 2016, they poured foundations for 341 homes, up from 83 units in the same quarter of 2015. The number of homes under construction is at its highest level, and the inventory of unsold homes has fallen to a level not seen since the 1990s, an indication that demand for housing in the Barrie CMA is strong. The flow of migrants from the Greater Toronto Area (GTA), rising employment, low mortgage rates and an aging population will support new construction through the end of 2017.

Apartment starts will be strong in both 2016 and 2017, given the growing demand for this type of housing by seniors looking for a type of housing that is affordable and provides all amenities. Many seniors are expected to return to Barrie during retirement. Seniors are looking for a lifestyle change and this involves moving from

single-detached homes into homes that require lower maintenance. Condominium development is increasing in the Barrie CMA, as limited land availability is forcing higher-density development. Townhouse starts will also increase as part of the need to use land more intensively.

After a strong finish to 2015, single-detached housing starts will continue to grow to between 650 and 700 and between 650 and 850 respectively in 2016 and 2017, despite the scarcity of land remaining an issue. Currently, there is no land available for construction of single-detached homes in the City of Barrie. As a consequence, prices of existing single-detached homes are being driven up and the construction of new singles is being pushed outside the City of Barrie. Most single starts during 2016 and 2017 will occur in Innisfil. Single-detached homes will remain the major component of housing starts. In the first quarter of 2016, builders started 32 homes including 24 singles, a 71 per cent increase over the same period of 2015.

The median and the average prices for new single-detached homes in the Barrie CMA have jumped throughout 2015 because many newly-built homes

are in the high-end category desired by move-up buyers. More than a half of new single-detached homes were purchased for more than $400,000 in the last year compared to less than 31 per cent in the previous year. The prices will continue to grow throughout the forecast period, impacted by the continuous shortage of land.

Existing Home Market: Strong Growth Followed by Stabilization Through 2017The demand for resale homes in Barrie CMA is set to grow in 2016 after having reached a high level in 2015, with a sales increase of 9.4 per cent over the previous year. Sales will pick up again in 2016 to between 5,300 and 5,900 before declining slightly in 2017 to between 5,100 and 6,000.

In the first quarter of 2016, MLS® sales were up 13 per cent year-over-year. More buyers from the GTA continued to move north to look for more affordable homes. Most of these buyers moving into Barrie already have a job. Thus, modest local employment growth isn’t a barrier to increasing housing demand because migration will continue to be a key driver of the resale market. Indeed, both baby boomers and young families will continue to relocate to Barrie. The price differential between the Barrie CMA and the GTA will continue to play a major factor in attracting these migrants to the CMA. The Barrie housing market is attractive to Torontonians, who accept a long commute in order to buy the home type they prefer. Although low gasoline prices benefit commuters, most potential buyers are not buying as a result of the drop in gasoline prices. Instead, they prefer

In an effort to align itself with the various needs of those seeking information about the housing market, CMHC’s Market Analysis Centre has undertaken a complete review of its products and services. As a part of this review, the CMHC’s Housing Market Outlook publication will be undergoing a series of modifications. The general objective is to provide a range of possible outcomes that, in a context of

economic and financial uncertainty, will better help users in their decision-making process.

As a first step in this ongoing process, the present edition incorporates forecast ranges for housing variables as well as an expanded discussion on the risks to the forecast. A more detailed description of the forecast range methodology is provided at the end of the publication.

Note to readers



3

Barrie because of its proximity to the GTA and also the cottage area. The availability of the GO train is another motivating factor for potential buyers. In general, Barrie has positioned itself as an attractive option for these buyers.

Demographic trends will support demand for housing in Barrie. Potential buyers in Barrie tend to be first-time buyers aged 25 to 44 years and seniors 65 years and older. Both groups are growing, given the age structure of the population in Barrie and also an increasing number of migrants coming from the Greater Toronto Area in these age groups.

Another factor supporting increased sales is mortgage rates which are set to remain low throughout 2016, with a slight increase in the first half of 2017. Although low mortgage rates will support demand, affordability will erode during 2016 because prices will be rising faster than incomes. Sales are expected to decline in 2017 due to both eroding affordability and limited supply.

Growth in new listings has been lagging sales growth. As the shortage of listings intensifies, potential sellers have more difficulty finding something that meets their needs and consequently decide to remain in their current home. In particular, seniors who wish to downsize often find that available options are limited. As a result, the number of new listings is expected to decline in 2017 and limited supply will constrain sales.

The Barrie housing market will remain a seller’s market, characterized by a shortage of supply. The sales-new-listings ratio (SNLR), an indicator of housing market conditions, was about 65 per cent in 2015 and will trend upward in 2016 and 2017. The average MLS® price will be between $384,000

to $415,000 and 395,000 to 443,000 respectively in 2016 and 2017. Price increases are a challenge for local first time homebuyers. Average weekly earnings will be only slightly higher in 2016 than the rate recorded in

2015, as upward pressure due to a lower unemployment rate and will be offset to some degree by a greater share of jobs being in low-paying industries. This increase won’t be enough to cover the increased cost

Figure 3

Source: CREA; (F) = CMHC Forecast; ® MLS is a registered trademark of the Canadian Real Estate Association

Barrie CMA MLS® Price

Source: CREA; (F) = Forecast; ® MLS is a registered trademark of the Canadian Real Eastate Association

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000


Inner range

Figure 2

Source: CREA; (F) = CMHC Forecast; ® MLS is a registered trademark of the Canadian Real Estate Association (CREA)

Barrie CMA MLS® Sales


3,000

4,000

5,000

6,000

7,000


Inner range



4

of housing. The elevated prices will result in carrying costs rising faster than incomes. The homeownership affordability challenge will become more pronounced.

Rental Market: Vacancy Rates Will Rise Slightly The average apartment vacancy rate in the Barrie CMA is forecast to rise to 1.8 per cent in October 2016 from 1.3 per cent in 2015, and will edge up again slightly to 2.1 per cent in 2017. The rental market in Barrie has continued to be one of the more expensive markets in the province.

The number of new rental apartments will increase due to the completion of purpose-built rental apartments initiated over the past two years, which will put upward pressure on the vacancy rate. Newly completed condominium apartments will also put upward pressure on the purpose-built rental vacancy rate indirectly. Condominiums are an affordable option for current renters to enter home-ownership and also some of these units will be added to the secondary rental market universe as investor-owned apartment condominiums which compete with purpose-built rental apartments.

While there has been an increase in the number of full-time jobs, most youth aged 15 to 24 are employed in part-time, relatively low-paying jobs which discourage this age group from moving out from their parental home. In addition, the move of Laurentian University out of Barrie will reduce rental demand since a number of students have been living off-campus.

Figure 5

Source: CREA; (F) = CMHC Forecast

Vacancy Rate

Vacancy Rate to Increase in 2016


0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

2010 2011 2012 2013 2014 2015 2016(F) 2017(F)

Vacancy Rate

Barrie Vacancy Rate

Figure 4

Source: CMHC, Statistics Canada, CREA *Required income is mortgage carrying costs divided by 0.32 to reflect the usual 32 per cent gross debt service ratio. Mortgage carrying costs are calculated on the average MLS® price, a 10 per cent down payment, the fixed five-year mortgage rate and the longest available amortization

Barrie Required vs Actual Income

Source: CMHC, Statistics Canada, CREA

*Required income is mortgage carrying costs divided by 0.32 to reflect the usual 32 per cent gross debt service ratio.

Mortgage carrying costs are calculated on the average MLS® price, a 10 per cent down payment, the fixed five-year mortgage rate and the longest available amortization$0

$20,000

$40,000

$60,000

$80,000

$100,000

2001 2003 2005 2007 2009 2011 2013 2015

Required Income*

Actual Income

Barrie Required vs Actual Income



5

Economic Trends: Improvement in Consumer Confidence AheadAfter weakening last year, the job market in the Barrie CMA picked up in the first three months of 2016. Total employment is forecast to increase by 1.4 per cent in 2016 and to post more modest growth through 2017.

Employment started to improve in the last months after a steep drop in 2015. The majority of these positions were full-time, especially for workers up to 44 years old, while part-time employment continued to soften for all age groups. The job market was supported by employment gains in manufacturing, trade and finance, insurance and real estate while employment in construction has been continuously declining since the third quarter of 2015.

The improving economy south of the border will support consumer confidence about the local economy and encourage manufacturers to increase their production and businesses to increase investment. Gains will notably be seen in trade, services and manufacturing. But, the gains will be limited since many industries located in Barrie are technology-based, and tend to use less labour than more traditional industries. An increase in jobs with limited growth in the labour force will put downward pressure on the unemployment rate in the Barrie CMA.

More Americans will cross the Canadian border to visit cottage country, encouraged by the drop in the value of the Canadian dollar. This will boost employment in accommodation and food services.

The slow growth in average weekly earnings in the recent months can be partly attributed to the creation of lower paid jobs, including the shift in healthcare from higher-paying to lower-paying jobs. The trend will continue and average weekly earnings are expected to increase in 2016 and 2017 at a relatively slow pace.

The population in Barrie is expected to grow at one per cent annually. Intra-provincial migration is the main source of the population growth in Barrie. Migrants from the greater Toronto Area are dominant in the Barrie population increase. The population increase will translate to around 900 new households in both 2016 and 2017.

Mortgage rates are expected to rise moderately from current levels in 2017Mortgage rates are expected to stay near current levels until the end of 2016, supporting housing demand. Consistent with the view of Canadian economic forecasters, CMHC expects interest rates to gradually start rising from current levels in the first half of 2017. This expected profile for mortgage rates is in line with the Bank of Canada’s view of the economy returning to its full capacity by the end of 2017, according to its April 2016 Monetary Policy Report.

According to CMHC’s base case scenario, the five-year mortgage rate is expected to be within the 4.4 to 5.0 per cent range in 2016 and within the 4.7 to 5.3 per cent range in 2017.

Figure 6

Source: Statistics Canada, Labour Force Survey; (F) = CMHC Forecast

Employment Growth

Source: Statistics Canada, Labour Force Survey; (F) = Forecast

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

2010 2011 2012 2013 2014 2015 2016(F) 2017(F)

Employment Growth

Barrie Employment (% change)



6

The present edition of Housing Market Outlook incorporates forecast ranges for housing variables. Despite this change, all analyses and forecasts of market conditions continue to be conducted using the full range of quantitative and qualitative tools currently available. Two sets of ranges are presented in the publication:

�� An inner range, which provides more precise guidance to readers on the outlook while recognizing the small random components of the relationship between the housing market and its drivers. This inner range is based on the coefficient of variation* of historical data and on past forecast accuracy. This range provides precision and direction for forecasts of housing variables, given a

specific set of assumptions for the market conditions and underlying economic fundamentals.

�� An outer range, which reflects potential risks to the forecast due to, for example, the impact of economic shocks. The outer range is based on a broader coefficient of variation of

historical data and on past forecast accuracy. This range includes some low-probability events that could have a significant impact on the forecast.

Downward (or upward) adjustments to the ranges may be applied based on local market intelligence if there are more sources of risks (upside or downside) for that specific market.

Methodology for forecast ranges

2006 2008 2010 2012 2014 2016(P)

Fourchette étroite Fourchette large

2006 2008 2010 2012 2014 2016(F)

Inner range Outer range

* The coefficient of variation in this case is the standard deviation divided by the mean of that series. A higher coefficient of variation would produce wider ranges due to the higher volatility of the data, while a lower coefficient of variation would produce tighter ranges.



7

Forecast risksA heightened level of market uncertainty poses some risks to the Barrie CMA housing outlook resulting in a wider range of possible outcomes that may deviate from our forecasts.

An acceleration of the approval of developments projects on the annexed land will have an upward impact on overall housing starts, pulling them towards the upper end of the outer range.

Stronger than expected increase in US GDP growth or stronger momentum in Ontario could have a positive impact on manufacturing production and job creation. This would push starts up closer to the

Trends at a glance

Key Factors and their Effects on Housing Starts

Mortgage Rates Mortgage rates are expected to remain at historically low levels until mid-2017, which will continue to support housing demand.

Employment A positive economic outlook for the United States and Ontario will support the local economic conditions in Barrie CMA through 2016 and 2017. Employment growth, specifically full-time job creation, will continue to support demand for all types of housing.

Income Growth in average weekly earnings was strong throughout 2015 but will slow significantly in 2016 and 2017. However, positive real wage growth will support increased demand for homeownership.

Population Net migration will remain positive because of the attractiveness and affordability of the Barrie housing market compared to adjacent areas.

Resale Market Resale market conditions will continue to favour sellers, pushing MLS® prices to grow but at a slower pace in 2016 and 2017 compared to 2015 because of the competition from the new homes market.

Rental Market The rental demand will remain tight, but an increase in supply due to completions of new rental apartments and rented condominium apartments in the secondary market will lead to an increase in the vacancy rate.

Other Proximity to Great Toronto Area (GTA) and the housing price differential between the GTA and the Barrie CMA will continue to stimulate demand for all types of housing in the Barrie CMA.

Figure 7

Source: CMHC; (F) = CMHC Forecast

Barrie CMA Starts


0

1,000

2,000

Barrie CMA Starts




8

upper end of the outer range. It would also mean that both MLS® sales and price would be closer to the upper end of the outer range.

A disorderly unwinding of household sector imbalances, should it materialize, could have sizable negative effects on the economy.

While a soft landing in the housing market remains the most likely scenario, near record-high house prices and debt levels relative to income leave households vulnerable to a potential correction. Any correction to the GTA housing market will spill over to the housing market in Barrie since demand from migrants from the GTA will slow down and cause both sales and prices to fall nearer the lower bound of the outer range for both the price and sales forecasts.

Figure 8




3,000

4,000

5,000

6,000

7,000



Figure 9




$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000





9

(L) (H) (L) (H)

602 550 695 650 700 650 850

289 598 321 450 600 350 550

891 1,148 1,016 1,100 1,300 1,000 1,400

4,648 4,795 5,244 5,300 5,900 5,100 6,000

317,883 341,023 373,203 384,000 415,000 395,000 443,000

5.24 4.88 4.67 4.40 5.00 4.70 5.30

2013 2014 2015

Rental Market3.0 1.6 1.3

1,048 1,118 1,167

Economic Overview197,986 200,345 202,704

109,400 111,600 108,400

Starts:

New Home Market

Starts - Total

Two-bedroom Average Rent (October)($)

Population

Economic Overview

Resale MarketMLS® Sales

MLS® Average Price($)

Mortgage Rate(5 year)(%)

October Vacancy Rate (%)

1,190

2.1

2016(F)

Single-Detached

Multiples

207,500

110,900

205,100

Forecast SummaryBarrie CMASpring 2016

2013 2014 20152016(F) 2017(F)

2017(F)

1,200

1.8

Multiple Listing Service® (MLS®) is a registered trademark of the Canadian Real Estate Association (CREA).Rental Market: Privately initiated rental apartment structures of three units and over.

Source: CMHC (Starts and Completions Survey and Market Absorption Survey). Statistics Canada. CREA(MLS®). CMHC Forecast (2016-2017).

110,000Annual Employment Level

The forecasts (F) included in this document are based on information available as of 29th April 2016. (L)=Low end of Range. (H)=High end of range.The low end (L) and the high end (H) of forecast ranges for residential housing starts for singles and multiples jointly may not add up to the total. This is due to rounding and volatility of the data.



10

DEFINITIONS AND Methodology

New Home Market Historical home starts numbers are collected through CMHC’s monthly Starts and Completions Survey. Building permits are used to determine construction sites and visits confirm construction stages. A start is defined as the beginning of construction on a building, usually when the concrete has been poured for the whole of the structure’s footing, or an equivalent stage where a basement will not be part of the structure. Single-Detached Start: The start of a building containing only one dwelling unit, which is completely separated on all sides from any other dwelling or structure. Semi-Detached Start: The start of each of the dwellings in a building containing two dwellings located side-by-side, adjoining no other structure and separated by a common or party wall extending from ground to roof. Row (or Townhouse) Start: Refers to the commencement of construction on a dwelling unit in a row of three or more attached dwellings separated by a common or party wall extending from ground to roof. Apartment and other Starts: Refers to the commencement of construction on all dwellings other than those described above, including structures commonly known as stacked townhouses, duplexes, triplexes, double duplexes and row duplexes. Average and Median Single Detached Home Prices: Are estimated using CMHC’s Market Absorption Survey, which collects home prices at absorption and measures the rate at which units are sold or rented after they are completed. Dwellings are enumerated each month after a structure is completed until full absorption occurs. The term “absorbed” means that a housing unit is no longer on the market as it has been sold or rented. New Home Price Indexes: Changes in the New Home Price Indexes are estimated using annual averages of Statistics Canada’s monthly values for New Housing Price Indexes (NHPI). Resale Market Historical resale market data in the summary tables of the Housing Market Outlook Reports refers to residential transactions through the Multiple Listings Services (MLS®) as reported by The Canadian Real Estate Association (CREA). In Quebec, this data is obtained by the Centris® listing system via the Quebec Federation of Real Estate Boards. MLS® (Centris® in the province of Quebec) Sales: Refers to the total number of sales made through the Multiple Listings Services in a particular year. MLS® (Centris® in the province of Quebec) Average Price: Refers to the average annual price of residential transactions through the Multiple Listings Services.



11

Rental Market Rental Market vacancy rates and two bedroom rents information is from Canada Mortgage and Housing Corporation’s (CMHC’s) October Rental Market Survey (RMS). Conducted on a sample basis in all urban areas with populations of 10,000 and more, the RMS targets privately initiated structures with at least three rental units, which. have been on the market for at least three months. The survey obtains information from owners, managers, or building superintendents through a combination of telephone interviews and site visits. Vacancy Rate: The vacancy rate refers to the average vacancy rate of all apartment bedroom types. A unit is considered vacant if, at the time of the survey, it is physically unoccupied and available for immediate rental. Two Bedroom Rent: The rent refers to the average of the actual amount tenants pay for two bedroom apartment units. No adjustments are made for the inclusion or exclusion of amenities and services such as heat, hydro, parking, and hot water.

Economic Overview Labour Force variables include the Annual Employment Level, Employment Growth, Unemployment Rate. Source: Statistics Canada’s Labour Force Survey. Net Migration: Sum of net interprovincial (between provinces), net intra-provincial (within provinces), net international (immigration less emigration), returning Canadians and temporary (non-permanent) residents as provided to the CANSIM database by Statistics Canada’s Demography Division. Sources of inter-provincial and intra-provincial migration data include a comparison of addresses from individual income tax returns for two consecutive years from Canada Revenue Agency (CRA) taxation records. The migration estimates are modelled, with the tax file results weighted to represent the whole population.



12

CMHC—Home to Canadians

Canada Mortgage and Housing Corporation (CMHC) has been Canada's national housing agency for almost 70 years.

CMHC helps Canadians meet their housing needs. As Canada’s authority on housing, we contribute to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer objective housing research and information to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of our operations.

For more information, visit our website at www.cmhc.ca or follow us on Twitter, YouTube, LinkedIn and Facebook.

You can also reach us by phone at 1-800-668-2642 or by fax at 1-800-245-9274.

Outside Canada call 613-748-2003 or fax to 613-748-2016.

Canada Mortgage and Housing Corporation supports the Government of Canada policy on access to information for people with disabilities. If you wish to obtain this publication in alternative formats, call 1-800-668-2642.

The Market Analysis Centre’s (MAC) electronic suite of national standardized products is available for free on CMHC’s website. You can view, print, download or subscribe to future editions and get market information e-mailed automatically to you the same day it is released. It’s quick and convenient! Go to www.cmhc.ca/en/hoficlincl/homain

For more information on MAC and the wealth of housing market information available to you, visit us today at www.cmhc.ca/housingmarketinformation

To subscribe to printed editions of MAC publications, call 1-800-668-2642.

©2016 Canada Mortgage and Housing Corporation. All rights reserved. CMHC grants reasonable rights of use of this publication’s content solely for personal, corporate or public policy research, and educational purposes. This permission consists of the right to use the content for general reference purposes in written analyses and in the reporting of results, conclusions, and forecasts including the citation of limited amounts of supporting data extracted from this publication. Reasonable and limited rights of use are also permitted in commercial publications subject to the above criteria, and CMHC’s right to request that such use be discontinued for any reason.

Any use of the publication’s content must include the source of the information, including statistical data, acknowledged as follows:

Source: CMHC (or “Adapted from CMHC,” if appropriate), name of product, year and date of publication issue.

Other than as outlined above, the content of the publication cannot be reproduced or transmitted to any person or, if acquired by an organization, to users outside the organization. Placing the publication, in whole or part, on a website accessible to the public or on any website accessible to persons not directly employed by the organization is not permitted. To use the content of any CMHC Market Analysis publication for any purpose other than the general reference purposes set out above or to request permission to reproduce large portions of, or entire CMHC Market Analysis publications, please complete the CMHC Copyright request form and email it to CMHC’s Canadian Housing Information Centre at [email protected]. For permission, please provide CHIC with the following information: Publication’s name, year and date of issue.

Without limiting the generality of the foregoing, no portion of the content may be translated from English or French into any other language without the prior written permission of Canada Mortgage and Housing Corporation.

The information, analyses and opinions contained in this publication are based on various sources believed to be reliable, but their accuracy cannot be guaranteed. The information, analyses and opinions shall not be taken as representations for which Canada Mortgage and Housing Corporation or any of its employees shall incur responsibility.

https://twitter.com/CMHC_ca

http://www.youtube.com/CMHCca

https://www.linkedin.com/company/canada-mortgage-and-housing-corporation

https://www.facebook.com/cmhc.schl

http://www.cmhc-schl.gc.ca/en/corp/li/loader.cfm?csModule=security/getfile&PageID=299144

CMHC’s Market Analysis Centre e-reports provide a wealth of detailed local, provincial, regional and national market information.

Forecasts and Analysis – Future-oriented information about local, regional and national housing trends.

Statistics and Data – Information on current housing market activities – starts, rents, vacancy rates and much more.

FREE REPORTS AVAILABLE ON-LINE

n Canadian Housing Statistics

n Condominium Owners Report

n Housing Information Monthly

n Housing Market Outlook, Canada

n Housing Market Outlook, Highlight Reports – Canada and Regional

n Housing Market Outlook, Major Centres

n Housing Market Tables: Selected South Central Ontario Centres

n Housing Now, Canada

n Housing Now, Major Centres

n Housing Now, Regional

n Monthly Housing Statistics

n Northern Housing Outlook Report

n Preliminary Housing Start Data

n Rental Market Provincial Highlight Reports

n Rental Market Reports, Major Centres

n Rental Market Statistics

n Residential Construction Digest, Prairie Centres

n Seniors’ Housing Reports

Get the market intelligence you need today!Click www.cmhc.ca/housingmarketinformation to view, download or subscribe.

Housing market intelligence you can count on

Quick and easy access.

Information in one central location.

The housing data you want, the way you want it

HOUSING MARKET INFORMATION PORTAL

Neighbourhood level data.

cmhc.ca/hmiportal

https://www03.cmhc-schl.gc.ca/b2c/b2c/init.do?language=en&z_category=0/0000000055

https://www03.cmhc-schl.gc.ca/?lang=en&cat=189

http://www.cmhc.ca/od/?pid=61504


http://www03.cmhc-schl.gc.ca/b2c/b2c/init.do?language=en&z_category=0000000129


https://www03.cmhc-schl.gc.ca/catalog/productDetail.cfm?cat=106&itm=1&lang=en&fr=1295528223024




https://www03.cmhc-schl.gc.ca/catalog/productDetail.cfm?lang=en&cat=56&itm=1&fr=1326729770187

http://www.cmhc.ca/od/?pid=65446








www.cmhc.ca/housingmarketinformation

http://cmhc.ca/hmiportal

housing market outlook barrie cma - canada ... market utlook - barrie cma - date released - spring...

Documents